开盘$23.55
昨收$22.60
当日区间$23.35 – $25.99
成交量1.89M
市值$2.87B
市盈率（TTM）–
股息率–
基本面
最新报告季度：Q2, ended Jun 2026
营收$106.31M-3.3% YoY
营业利润-$76.49M-39.3% YoY
净利润-$50.83M-24.8% YoY
摊薄每股收益-$0.50-25.0% YoY
自由现金流-$64.87M-84.3% YoY
经营现金流-$63.41M
营收，近8个季度
净利润，近8个季度
各季度摊薄每股收益
各季度自由现金流
年度营收
盈利能力与资产负债表
毛利率56.5%
营业利润率-57.4%
净利率-41.9%
净资产收益率-26.9%
资产收益率-16.8%
投入资本回报率-22.8%
流动比率2.13
负债/资产比率43.5%
现金及投资$617.52M
总负债$249.55M
净现金（净负债）$367.97M
营收构成
2026/Q2 季度
按业务线
利润表
| 项目 | 2026 Q2 | 2026 Q1 | 2025 ANNUAL | 2025 Q4 | 2025 Q3 |
|---|---|---|---|---|---|
| 报告营业总收入 | $106.31M | $99.61M | $460.16M | $127.60M | $116.10M |
| 营业总收入 | $106.31M | $99.61M | $460.16M | $127.60M | $116.10M |
| 营业成本 | $48.16M | $38.34M | $191.08M | $62.33M | $46.88M |
| 毛利润 | $58.15M | $61.28M | $269.08M | $65.27M | $69.21M |
| 营业费用 | $134.64M | $130.56M | $492.65M | $133.53M | $117.18M |
| 销售及管理费用 | $72.87M | $65.07M | $277.61M | $73.04M | $70.11M |
| -管理费用 | $72.87M | $65.07M | $277.61M | $73.04M | $70.11M |
| 研发费用 | $61.77M | $65.59M | $220.90M | $61.63M | $47.93M |
| 营业利润 | -$76.49M | -$69.28M | -$223.57M | -$68.26M | -$47.97M |
| 非经营性利息净收入（支出） | $4.29M | $4.81M | $27.84M | $5.89M | $6.95M |
| 非经营性利息收入 | $5.88M | $6.45M | $33.05M | $7.25M | $8.35M |
| 非经营性利息支出 | $1.59M | $1.64M | $5.21M | $1.36M | $1.40M |
| 其他收入（支出） | $20.35M | $14.89M | $17.27M | $9.04M | $5.06M |
| 证券出售收益 | $15.07M | $14.84M | $19.59M | $9.68M | $6.42M |
| 其他非经营性收入（支出） | $5.29M | $56,000.00 | -$410,000.00 | -$647,000.00 | -$1.36M |
| 税前利润 | -$51.85M | -$49.58M | -$178.46M | -$53.34M | -$35.96M |
| 税费 | -$1.02M | $1.44M | -$2.93M | -$2.93M | $0.00 |
| 净利润 | -$50.83M | -$51.02M | -$175.54M | -$50.41M | -$35.96M |
| 持续经营利润 | -$50.83M | -$51.02M | -$175.54M | -$50.41M | -$35.96M |
| 归属母公司净利润 | -$50.83M | -$51.02M | -$175.54M | -$50.41M | -$35.96M |
| 归属普通股股东净利润 | -$50.83M | -$51.02M | -$175.54M | -$50.41M | -$35.96M |
| 基本每股收益 | -$0.50 | -$0.50 | -$1.60 | -$0.50 | -$0.30 |
| 摊薄每股收益 | -$0.50 | -$0.50 | -$1.60 | -$0.50 | -$0.30 |
| 其他营业费用 | – | -$106,000.00 | -$5.86M | -$1.14M | -$854,000.00 |
| 权益法投资收益 | – | $0.00 | -$1.91M | $0.00 | $0.00 |
| 特殊收益（费用） | – | – | $0.00 | – | – |
| -固定资产出售收益 | – | – | $0.00 | – | – |
资产负债表
| 项目 | 2026 Q2 | 2026 Q1 | 2025 ANNUAL | 2025 Q4 | 2025 Q3 |
|---|---|---|---|---|---|
| 总资产 | $1.07B | $1.10B | $1.17B | $1.17B | $1.16B |
| 流动资产合计 | $914.04M | $944.73M | $1.02B | $1.02B | $1.03B |
| 现金及现金等价物与短期投资 | $617.52M | $661.32M | $689.57M | $689.57M | $717.16M |
| -现金及现金等价物 | $607.52M | $651.32M | $679.57M | $679.57M | $717.16M |
| -短期投资 | $10.00M | $10.00M | $10.00M | $10.00M | $0.00 |
| 应收款 | $72.99M | $62.00M | $118.29M | $118.29M | $105.01M |
| -应收账款 | $69.60M | $54.07M | $106.12M | $106.12M | $85.38M |
| -应收票据 | $3.40M | $7.93M | $12.17M | $12.17M | $19.63M |
| 存货 | $90.89M | $85.96M | $74.75M | $74.75M | $67.14M |
| 受限现金 | $100.00M | $100.00M | $100.00M | $100.00M | $100.00M |
| 其他流动资产 | $32.64M | $35.45M | $36.68M | $36.68M | $43.65M |
| 非流动资产合计 | $160.76M | $151.01M | $153.10M | $153.10M | $125.99M |
| 固定资产净值 | $62.59M | $64.65M | $66.54M | $66.54M | $64.62M |
| -固定资产原值 | $109.75M | $109.30M | $108.70M | $108.70M | $105.21M |
| -累计折旧 | -$47.16M | -$44.65M | -$42.16M | -$42.16M | -$40.59M |
| 商誉及其他无形资产 | $88.66M | $78.63M | $79.00M | $79.00M | $58.13M |
| -其他无形资产 | $88.66M | $78.63M | $79.00M | $79.00M | $58.13M |
| 一年以上递延资产 | $4.85M | $3.44M | $3.39M | $3.39M | – |
| 其他非流动资产 | $4.66M | $4.29M | $4.17M | $4.17M | $3.24M |
| 负债合计 | $467.76M | $433.76M | $456.88M | $456.88M | $399.00M |
| 流动负债合计 | $428.58M | $392.98M | $416.17M | $416.17M | $359.77M |
| 应付款 | $141.11M | $130.46M | $147.40M | $147.40M | $104.90M |
| -应付账款 | $136.69M | $126.17M | $141.61M | $141.61M | $99.71M |
| -应付税款合计 | $4.02M | $3.66M | $5.30M | $5.30M | $4.73M |
| -其他应付款 | $402,000.00 | $629,000.00 | $486,000.00 | $486,000.00 | $468,000.00 |
| 一年内应计费用 | $41.52M | $36.23M | $50.82M | $50.82M | $43.55M |
| 短期债务及融资租赁负债 | $243.13M | $219.80M | $210.87M | $210.87M | $208.52M |
| -一年内到期债务 | $238.10M | $213.82M | $204.53M | $204.53M | $203.03M |
| -一年内到期融资租赁负债 | $5.03M | $5.98M | $6.34M | $6.34M | $5.50M |
| 其他流动负债 | $2.82M | $6.49M | $7.07M | $7.07M | $2.79M |
| 非流动负债合计 | $39.17M | $40.77M | $40.72M | $40.72M | $39.23M |
| 长期债务及融资租赁负债 | $11.45M | $12.11M | $13.39M | $13.39M | $10.84M |
| -长期融资租赁负债 | $11.45M | $12.11M | $13.39M | $13.39M | $10.84M |
| 一年以上递延负债 | $27.50M | $28.63M | $27.33M | $27.33M | $28.06M |
| 其他非流动负债 | $225,000.00 | $40,000.00 | – | – | $325,000.00 |
| 股东权益合计 | $607.04M | $661.98M | $715.50M | $715.50M | $759.95M |
| 股东权益 | $607.04M | $661.98M | $715.50M | $715.50M | $759.95M |
| 股本 | $7,000.00 | $7,000.00 | $7,000.00 | $7,000.00 | $7,000.00 |
| -普通股 | $7,000.00 | $7,000.00 | $7,000.00 | $7,000.00 | $7,000.00 |
| 资本公积 | $3.37B | $3.36B | $3.34B | $3.34B | $3.33B |
| 留存收益 | -$2.73B | -$2.68B | -$2.63B | -$2.63B | -$2.58B |
| 减：库存股 | $33.52M | $31.32M | $29.05M | $29.05M | $29.05M |
| 不影响留存收益的损益 | $214,000.00 | $15.11M | $29.70M | $29.70M | $39.65M |
现金流量表
| 项目 | 2026 Q2 | 2026 Q1 | 2025 ANNUAL | 2025 Q4 | 2025 Q3 |
|---|---|---|---|---|---|
| 经营活动现金流 | -$63.41M | -$11.91M | -$150.79M | -$26.02M | -$32.04M |
| 持续经营经营活动现金流净额 | -$63.41M | -$11.91M | -$150.79M | -$26.02M | -$32.04M |
| 持续经营净利润 | -$50.83M | -$51.02M | -$175.54M | -$50.41M | -$35.96M |
| 持续经营损益 | -$15.05M | -$14.82M | -$19.05M | -$9.38M | -$6.40M |
| 折旧、折耗与摊销 | $4.17M | $3.94M | $15.01M | $3.92M | $3.90M |
| 其他非现金项目 | $201,000.00 | $417,000.00 | $3.69M | $238,000.00 | $632,000.00 |
| 营运资金变动 | -$19.74M | $35.87M | -$54.71M | $2.33M | -$11.76M |
| -应收款变动 | -$10.96M | $57.68M | -$29.98M | -$15.49M | -$4.94M |
| -存货变动 | -$10.62M | -$11.21M | -$47.03M | -$18.92M | -$6.02M |
| -预付资产变动 | $3.20M | $1.52M | $5.06M | $6.85M | -$2.64M |
| -应付账款及应计费用变动 | -$1.38M | $4.26M | $19.93M | $20.35M | -$6.90M |
| -其他流动负债变动 | $337,000.00 | -$18.66M | -$3.05M | $10.12M | $8.19M |
| -其他营运资金变动 | $89,000.00 | $2.28M | $371,000.00 | $10,000.00 | -$4,000.00 |
| 投资活动现金流净额 | -$1.42M | -$22.29M | $307.87M | -$11.30M | -$4.05M |
| 持续经营投资活动现金流净额 | -$1.42M | -$22.29M | $307.87M | -$11.30M | -$4.05M |
| 固定资产购置及出售净额 | -$1.27M | -$1.19M | -$8.01M | -$675,000.00 | -$2.97M |
| 无形资产购置及出售净额 | -$151,000.00 | -$21.10M | -$5.32M | -$621,000.00 | -$1.08M |
| 投资购置及出售净额 | $0.00 | $0.00 | $321.20M | -$10.00M | $0.00 |
| 筹资活动现金流 | $18.71M | $5.57M | $72.35M | -$430,000.00 | $20.79M |
| 持续经营筹资活动现金流净额 | $18.71M | $5.57M | $72.35M | -$430,000.00 | $20.79M |
| 债务发行及偿还净额 | $19.96M | $7.01M | $67.94M | -$679,000.00 | $27.09M |
| 股票期权行使所得 | $946,000.00 | $833,000.00 | $13.68M | $249,000.00 | $1.98M |
| 其他筹资费用净额 | -$2.20M | -$2.27M | -$9.27M | $0.00 | -$8.28M |
| 期末现金余额 | $708.64M | $752.43M | $780.69M | $780.69M | $818.27M |
| 现金净变动 | -$46.12M | -$28.63M | $229.43M | -$37.75M | -$15.30M |
| 期初现金余额 | $752.43M | $780.69M | $550.78M | $818.27M | $833.38M |
| 汇率变动影响 | $2.33M | $371,000.00 | $478,000.00 | $167,000.00 | $186,000.00 |
| 自由现金流 | -$64.87M | -$34.20M | -$164.21M | -$27.32M | -$36.13M |
| 普通股发行净额 | – | – | $0.00 | – | – |
| -其他流动资产变动 | – | – | – | – | $548,000.00 |
暂无评论——快来第一个聊聊 ZLAB。
登录后参与讨论。